FRM Part I
What does the FRM Part I exam cover, on one page?
FRM Part I on one page: the four areas GARP tests in 2026, their weights and how many chapters of GARP's book each takes. The mnemonic at the bottom gives you the four in order.
What does the FRM Part I exam cover, on one page?
FRM Part I, 2026: four areas
Foundations of Risk Management (20%)
- 11 chapters in GARP's 2026 book
Quantitative Analysis (20%)
- 15 chapters in GARP's 2026 book
Financial Markets and Products (30%)
- 20 chapters in GARP's 2026 book
Valuation and Risk Models (30%)
- 16 chapters in GARP's 2026 book
Foxes Quietly Measure Volatility
- F Foundations of Risk Management
- Q Quantitative Analysis
- M Financial Markets and Products
- V Valuation and Risk Models
FRM Part I mind map
Embed it on your site, wiki or study group page:
<a href="https://credentialpress.com/guides/frm-part-i-mind-map"><img src="https://credentialpress.com/img/mindmaps/frm-part-i.png" alt="FRM Part I mind map" width="1600" height="1131"></a>
How do you use the mind map?
Print the PDF and pin it where you study, or open the Markdown in Obsidian (a mind map plugin draws it from the headings). Say the mnemonic until you can list the domains in order, then add one item from memory under each branch.
Where next?
Also free: the FRM Part I interview questions, plus every other credential on our study tools page. For the full syllabus, the FRM Part I Exam Guide and the FRM Part I Practice Questions go domain by domain.
Frequently asked questions
What are the FRM Part I exam domains?
Foundations of Risk Management (20%); Quantitative Analysis (20%); Financial Markets and Products (30%); Valuation and Risk Models (30%).
Is there a mnemonic for the FRM Part I domains?
Foxes Quietly Measure Volatility: F for Foundations of Risk Management, Q for Quantitative Analysis, M for Financial Markets and Products, V for Valuation and Risk Models.
Can I use the FRM Part I mind map in Obsidian?
Yes. Download the Markdown file and open it in Obsidian; a mind map plugin draws it from the headings. A printable PDF and a PNG are free too.
Which books go deeper on FRM Part I?
Practice questions with full rationales, sized to the published domain weights. 215 pages.
Sources
Credential Press is independent of GARP.